Bumba Mulenga | Zambia Monitor

Economy

FRA reportedly procures over K4 billion worth of maize during 2024 crop marketing season

The Food Reserve Agency (FRA) has reportedly purchased 588,354 metric tonnes of non-GMO Grade A white maize, valued at over K4 billion, during ...

By Bumba MulengaOctober 10, 20240

International

Ruto’s deputy, Gachagua, impeached amid fallout with President, alleged corruption, abuse of office

NAIROBI — Kenya’s National Assembly has impeached Deputy President, Rigathi Gachagua, following allegations of corruption and abuse of office. In a decisive vote ...

By Bumba MulengaOctober 10, 20240

Economy

Bank of Zambia approves K5 billion loan facility to boost SME financing

The Bank of Zambia (BoZ) Board has approved a K5 billion loan facility under the Small Business Growth Initiative (SBGI) to enhance access ...

By Bumba MulengaOctober 10, 20240

Economy

World Bank endorses five-year framework for Zambia’s private sector-led growth

The World Bank has approved a new five-year Country Partnership Framework (CPF) to support Zambia’s sustainable private sector-led economic growth, climate resilience and ...

By Bumba MulengaOctober 10, 20240

International

Cameroon govt denies rumours of President Biya’s death

CAMEROON – The government of Cameroon has denied rumours of President Paul Biya’s death, which circulated after his prolonged absence from the public ...

By Bumba MulengaOctober 9, 20240

International

Zimbabwe to begin $20 million compensation for farmers affected by land grabs in early 2000s

Zimbabwe’s government is set to distribute US$20 million in initial compensation to local black and foreign white farmers whose lands were seized during ...

By Bumba MulengaOctober 7, 20240

Economy

Survey shows Zambian business environment in worst state in four years

Business environment in Zambia declined significantly in September 2024, as prolonged load shedding severely impacted operations across multiple sectors. The continued lengthy ...

By Bumba MulengaOctober 7, 20240

Economy

Zambia signs $50 million road construction deal with Arab bank for Kalabo-Sikongo-Angola project

Zambia has signed a US$50 million cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA) for the construction of the ...

By Bumba MulengaOctober 7, 20240

Economy

ZIPAR optimistic about 2025 budget, cites govt plans in mining sector, infrastructure development

The Zambia Institute for Policy Analysis and Research (ZIPAR) has expressed optimism about the 2025 national budget, citing promising developments that could drive ...

By Bumba MulengaOctober 5, 20240

ZM Index

Kwacha drops slightly against US dollar, fears persist over increasing demand by corporates

The Zambian Kwacha experienced a slight drop against the US dollar on Thursday as corporate demand and merchandise importers dominated the market amid ...

By Bumba MulengaOctober 4, 20240

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